iShares S&P 500 Value ETF $IVE Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 49.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,178,292 shares of the company’s stock after purchasing an additional 391,397 shares during the period. Bank of New York Mellon Corp’s holdings in iShares S&P 500 Value ETF were worth $249,880,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IVE. REAP Financial Group LLC boosted its position in iShares S&P 500 Value ETF by 9.7% during the third quarter. REAP Financial Group LLC now owns 542 shares of the company’s stock worth $112,000 after purchasing an additional 48 shares in the last quarter. Flagship Private Wealth LLC raised its stake in shares of iShares S&P 500 Value ETF by 1.1% during the 4th quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock worth $901,000 after buying an additional 48 shares during the last quarter. Patten & Patten Inc. TN boosted its position in shares of iShares S&P 500 Value ETF by 4.8% in the 4th quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock worth $222,000 after buying an additional 48 shares in the last quarter. Bernardo Wealth Planning LLC boosted its position in shares of iShares S&P 500 Value ETF by 0.5% in the 4th quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock worth $2,014,000 after buying an additional 49 shares in the last quarter. Finally, Stegner Investment Associates Inc. grew its stake in iShares S&P 500 Value ETF by 0.3% in the 4th quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock valued at $3,457,000 after acquiring an additional 49 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.9%

Shares of IVE opened at $229.17 on Friday. The stock has a market cap of $50.60 billion, a P/E ratio of 20.70 and a beta of 0.82. The company has a 50-day moving average of $220.71 and a two-hundred day moving average of $217.01. iShares S&P 500 Value ETF has a 12-month low of $189.34 and a 12-month high of $229.53.

iShares S&P 500 Value ETF Profile

iShares S&P 500 Value ETF (the Fund), formerly iShares S&P 500 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500 Value Index (the Index). The Index measures the performance of the large-capitalization value sector of the United States equity market and consists of those stocks in the S&P 500 exhibiting the strongest value characteristics. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.